55 Oak Ridge Drive APT 60, New Haven, CT, 06513 | $109/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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55 Oak Ridge Drive APT 60, New Haven, CT, 06513 | $109/mo Cash Flow | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in New Haven at 55 Oak Ridge Drive APT 60, New Haven, CT, 06513 uses $42,101 cash to close to unlock $1,304/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $972/mo, and a $622/mo payment keeps the spread at $109/mo. Purchase price stands at $127,000, and rental yield measures 9.18% with $972/mo rent. Return on cash invested shows 23.01% in year one, and 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 120.28% and total cumulative return in cash records $50,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $972/mo property income covering a $622/mo payment rather than investor’s personal income.

Condo

Built in 1954

N/A lot

$N/A/sqft

No HOA

More details about the property

Calling all investors! Second-floor ranch-style 2-bedroom, 1-bath condo located between the Foxon and Montowese neighborhoods, just minutes to major highways, shopping, downtown New Haven, the train station, and Yale New Haven Hospital. The open-concept eat-in kitchen offers granite countertops, gas stove, stainless steel appliances, and tile flooring. The living room and bedrooms feature hardwood floors, and the full bath has been tastefully updated. Private laundry and storage are available in the lower level, and this unit includes two off-street parking spaces in the driveway. Shared backyard for outdoor enjoyment. Strong-performing investment with an excellent tenant paying $1,400/month until 5/12026. No rental restrictions. Cash or non-QM financing ONLY. Land lease term was 99 years which is now approximately halfway through. Land lease payment is $235.84/mo.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06513, New Haven, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,051 (100%)
Owner Occupied HU	5,507 (34.3%)
Renter Occupied HU	9,655 (60.2%)
Vacant Housing Units	889 ( 5.5%)
Median Home Value	$300,662
Average Home Value	$367,579